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What is Risk analysis? Explain with example

Answer Posted / mercy

Before discussing risk analysis the following definitions
would help you understanding risk analysis.

Risk: Potential loss to an organization.

Threat: This is something capable of exploiting
vulnerability in the security of a computer or application.

Vulnerability: This is a design, implementation or
operations flaw that may be exploited by a threat.

Control: This is the anything that tends to cause the
reduction of the risk.

Risk Analysis is the process of evaluating risks, threats,
vulnerability and controls.

Eg: Consider fire as a risk. Risk is always there but it
would result in loss only when one leaves a can of gasoline
in house. Then gasoline becomes a threat.

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